Cooper Tire Sets Long-Term Sales Goal of $5 Billion to $6 Billion

CEO Roy Armes Says Company Is Poised for Continued Profitable Growth

Cooper Tire & Rubber Co. said it is aiming for annual net sales of $5 billion to $6 billion in the long term, though the future ownership of its Chinese joint venture may affect some of the details of how and when it will reach its goals.

The company reported net sales of $3.4 billion last year, which marked a decline of 18% from 2012.